Author: Aditya Pareek | EQMint | Market News
The wait is finally over for investors who applied to the Excelsoft Technologies IPO, as the allotment process is being finalized today. With strong subscription numbers across categories, excitement is high and applicants are eagerly checking whether they secured a piece of the Mysuru-based software company. The IPO, which opened earlier this week and concluded with significant oversubscription, is now one step closer to listing on the stock exchanges.
Excelsoft Technologies is a leading education-technology company specializing in learning solutions, online assessments, test preparation systems, and digital content delivery. With decades of presence in the ed-tech domain and a client base spanning enterprises, educational institutions and government organizations, the company has drawn notable attention from both institutional and retail investors. The ₹500-crore IPO consisted entirely of a fresh issue, aimed at strengthening the company’s technology infrastructure, product development, and expansion into new global markets.
The offer was well-received by investors, closing with an impressive overall subscription of more than 40 times. Qualified institutional buyers (QIBs) led the participation, followed by non-institutional investors (NIIs). Retail investors also showed enthusiastic interest, indicating confidence in the company’s business model and long-term growth potential. Although the grey market premium has been modest, the robust subscription numbers suggest healthy expectations for the stock’s debut.
As the allotment is being finalised today, investors now have three primary avenues to check their allotment status — the registrar’s portal, the BSE allotment check page, and the NSE IPO status dashboard. Regardless of which option an applicant chooses, checking the allotment requires the same essential details: application number, PAN, or Demat/DP ID. Once the result is uploaded, investors will be able to instantly see the number of shares allotted to them or whether they were unsuccessful in the allotment round.
For applicants who receive shares, the next step is the credit of allotted shares into their Demat accounts. This is expected to take place tomorrow as per the IPO timetable. Once the shares are visible in the Demat account, they will be trade-ready on the day of listing. Meanwhile, those who are not allotted shares need not worry. Refunds or unblocking of funds for UPI-based applications are also expected to be completed tomorrow. Investors are advised to keep an eye on SMS and email alerts from their banks, brokers, or payment apps for confirmation of the refund status.
The listing of Excelsoft Technologies is scheduled for the day after the allotment and refund processes, with trading expected to begin on both the NSE and BSE. Market participants are watching this listing closely due to the company’s strong fundamentals, long-term scalability in the EdTech sector, and the rising adoption of technology-based learning platforms across the world. If broader market sentiment remains supportive, particularly in the technology and mid-cap segments, Excelsoft may witness active trading interest on the first day.
However, analysts remind investors of a key point — grey market premiums are not always an accurate predictor of listing performance. Market conditions, global cues, sector trends, and institutional trading patterns on the day of listing ultimately determine how a stock opens and stabilizes. Investors who are allotted shares and plan to sell on listing day are advised to track pre-opening price discovery and trading volume. Long-term investors, on the other hand, will be watching the company’s quarterly performance and its ability to scale internationally while maintaining profitability.
For applicants who did not receive allotment, the next step is to wait for the refund and then consider whether to reinvest that capital in future IPOs. The market has seen a strong pipeline of technology and specialty-manufacturing IPOs this quarter, and investor demand continues to be vibrant. Excelsoft Technologies’ performance upon listing may also influence sentiment for upcoming offerings in the tech space.
As of now, the key focus for every subscriber remains checking the allotment result as soon as the registrar uploads the final allotment data. Whether the shares are allotted or not, the completion of the process today marks a crucial milestone leading up to the highly anticipated listing later this week.
With strong business fundamentals, consistent profitability, expanding global opportunities, and an accelerating technology-driven education sector, Excelsoft Technologies is poised to remain in the spotlight well beyond listing week. Investors — both successful and unsuccessful in the allotment — will be watching closely as the company enters a new chapter on the Indian stock market.
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Disclaimer: This article is based on information available from public sources. It has not been reported by EQMint journalists. EQMint has compiled and presented the content for informational purposes only and does not guarantee its accuracy or completeness. Readers are advised to verify details independently before relying on them.
